AUDUSD rose in the intraday levels, after sliding earlier in the short term as traders booked profits of the pair's previous short-term rises, while also trying to gather positive momentum that'd help it rise again to attack the resistance of 0.7652, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the long term (from 0.8163 to 0.6826), with ongoing positive pressure from the SMA for the last 50 days period.

Therefore we expect more gains to come for the pair, provided it first breaks through the resistance of 0.7652, confirming its upward intention, and targeting thereafter the next resistance at 0.7847, which represents the ratio 76.4% of the same retracement levels mentioned earlier.

Trend Bullish